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Riksbank Deputy Governor Tests Positive For Coronavirus

Courtesy of ZeroHedge View original post here.

Iranian lawmakers and senior regime officials, "Corona Ted" and President of Portugal aren't the only international VIPs to catch – or be exposed to – the coronavirus.

Sveriges Riksbank Deputy Governor and Stockholm University economics professor Martin Floden has tested positive for the novel coronavirus, the virus that causes the illness known as Covid-19, according to Omni Ekonomi.

Martin Floden

Sweden has confirmed 203 cases of the virus since January, though no deaths have been recorded. The country's public health officials have been widely praised for tracking down vacationers who visited Italy over the recent holiday only to be infected with the virus.

Bloomberg reported that Floden tested positive for the virus on Friday. He is feeling well and is working from home, according to the Riksbank’s spokesman Tomas Lundberg.

Here's more from BBG:

In addition to the recommendations of the country’s health agency, “the Riksbank has taken further precautionary measures regarding its employees,” the central bank said in its statement. For example, employees who have traveled to the worst-affected areas “must work from home during the two weeks immediately following their return home.”

The news comes amid increasing speculation about what measures the central bank may need to take to tackle the impact of the virus. Danske Bank analysts said last week they expect the Riksbank to cut its repo rate by 25 basis points in April, as Swedish workers risk a poor outcome in central wage negotiations amid the fallout from the virus. That easing call was echoed by Capital Economics on Monday.

The Riksbank ended half a decade of negative rates in December, despite a slowdown in the Swedish economy. Since then, some policy makers have signaled they’d rather expand an existing bond-purchase program than once again resort to subzero rates, should there be a need for further stimulus.

Floden is one of 248 people in Sweden to have been diagnosed with the virus, as of Monday. The central bank’s next monetary policy meeting is set for April 27.

Hopefully, the rest of the central bank's leadership will remain healthy – for who else will save the Swedish economy if not for its heroic central bankers delivering helicopter money for all.


 


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